Granite Point Capital Management L.P. trimmed its holdings in Bilibili Inc – (NASDAQ:BILI) by 78.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 30,000 shares of the company’s stock after selling 110,000 shares during the period. Granite Point Capital Management L.P.’s holdings in Bilibili were worth $438,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. TB Alternative Assets Ltd. grew its position in Bilibili by 72.7% in the fourth quarter. TB Alternative Assets Ltd. now owns 3,416,091 shares of the company’s stock worth $49,841,000 after acquiring an additional 1,437,679 shares during the period. Legal & General Group Plc purchased a new position in Bilibili in the third quarter worth approximately $51,000. Vanguard Group Inc purchased a new position in Bilibili in the third quarter worth approximately $16,513,000. Vanguard Group Inc. purchased a new position in Bilibili in the third quarter worth approximately $16,513,000. Finally, B. Riley Wealth Management Inc. purchased a new position in Bilibili in the third quarter worth approximately $168,000. Institutional investors own 12.11% of the company’s stock.
Several research analysts recently weighed in on the company. Citigroup assumed coverage on Bilibili in a research report on Thursday, January 31st. They issued a “buy” rating and a $22.00 price objective for the company. Zacks Investment Research lowered Bilibili from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. Daiwa Capital Markets assumed coverage on Bilibili in a research report on Monday, January 14th. They issued an “outperform” rating for the company. Credit Suisse Group assumed coverage on Bilibili in a research report on Monday, December 10th. They issued an “outperform” rating for the company. Finally, Morgan Stanley upgraded Bilibili from an “equal weight” rating to an “overweight” rating and set a $17.00 price objective for the company in a research report on Tuesday, January 8th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $17.00.
BILI opened at $17.87 on Monday. Bilibili Inc – has a 52 week low of $9.09 and a 52 week high of $22.70.
Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Tuesday, November 20th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.02). The firm had revenue of $157.08 million during the quarter, compared to analyst estimates of $147.46 million. Research analysts anticipate that Bilibili Inc – will post -0.43 earnings per share for the current fiscal year.
Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. Bilibili Inc has a strategic collaboration agreement with Tencent Holdings Limited for sharing and operating existing and additional anime and games on its platform in China.
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